DraftKings
DKNG
713 hedge funds and large institutions have $12.5B invested in DraftKings in 2021 Q3 according to their latest regulatory filings, with 109 funds opening new positions, 294 increasing their positions, 198 reducing their positions, and 69 closing their positions.
58% more first-time investments, than exits
New positions opened: 109 | Existing positions closed: 69
48% more repeat investments, than reductions
Existing positions increased: 294 | Existing positions reduced: 198
14% more funds holding in top 10
Funds holding in top 10: 14 → 16 (+2)
4% more funds holding
Funds holding: 684 → 713 (+29)
1.01% more ownership
Funds ownership: 63.07% → 64.08% (+1%)
2% more call options, than puts
Call options by funds: $1.65B | Put options by funds: $1.62B
2% less capital invested
Capital invested by funds: $12.7B → $12.5B (-$229M)
Top Buyers
Top Sellers
| 1 |
AIM
Achmea Investment Management
Zeist,
Netherlands
|
-$530M |
| 2 |
RC
Raine Capital
New York
|
-$294M |
| 3 |
JP Morgan Chase
New York
|
-$82.3M |
| 4 |
FCOI
FirstMark Capital OF II
New York
|
-$48.6M |
| 5 |
FAM
Fred Alger Management
New York
|
-$41.2M |
DKNG Hedge Fund Activity: Q3 2021 in Review
713 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2021, worth a combined $12.5B — down 1.8% from $12.7B a quarter earlier.
Buyers outnumbered sellers: 109 funds opened new DKNG positions and 69 closed out — a net gain of 40 holders — while 294 added to existing stakes and 198 trimmed.
The largest buyer was ARK Investment Management, adding an estimated $207M. The largest seller was Achmea Investment Management, cutting an estimated $530M.
- 713 institutional investors held DraftKings (DKNG) as of Q3 2021, up from 684 in Q2 2021.
- Funds reported $12.5B of DraftKings stock for Q3 2021, down 1.8% quarter-over-quarter.
- 109 funds opened new DraftKings positions in Q3 2021 and 69 closed out, a net change of +40 holders.
- The largest DraftKings buyer in Q3 2021 was ARK Investment Management, an estimated $207M added.
- The largest DraftKings seller in Q3 2021 was Achmea Investment Management, an estimated $530M sold.
Based on aggregated 13F filings for Q3 2021.